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A barrel at west texas intermediate dipped below 50. So how will this dramatic collapse in energy costs impact the economy and consumers . Steve liesman takes a look. Reporter plunging oil prices raised a few economic puzzles. First, since the u. S. Is now such a huge oil producer wouldnt it be a drag on the economy or a benefit . This is key to the first, what will consumers do with the wind fall . Save spend, or pay down debt . Disappointing retail sales in december suggest consumers parting only reluctantly with the extra petro dollars in their pocket. People are waiting to see if this is r...

Economy. The big driver for todays selloff is retail sales despite deep discounts, lower gas prices and a robust labor market. Combined with more volatility and oil prices and a lower forecast for Global Economic growth sent stocks on another wild ride. The dow cut an early 350 point loss in half ending the session down 186 points. The nasdaq lower by 22 and the s p was down 11 points. In the bond market the yield on 30 year treasuries hit record lows while the yield on the benchmark ten year note hit the lowest level in nearly two years. Crude bounced between losses and gains spiking higher i...

Economy. The big driver for todays selloff is retail sales despite deep discounts, lower gas prices and a robust labor market. Combined with more volatility and oil prices and a lower forecast for Global Economic growth sent stocks on another wild ride. The dow cut an early 350 point loss in half ending the session down 186 points. The nasdaq lower by 22 and the s p was down 11 points. In the bond market the yield on 30 year treasuries hit record lows while the yield on the benchmark ten year note hit the lowest level in nearly two years. Crude bounced between losses and gains spiking higher i...

A barrel at west texas intermediate dipped below 50. So how will this dramatic collapse in energy costs impact the economy and consumers . Steve liesman takes a look. Reporter plunging oil prices raised a few economic puzzles. First, since the u. S. Is now such a huge oil producer wouldnt it be a drag on the economy or a benefit . This is key to the first, what will consumers do with the wind fall . Save spend, or pay down debt . Disappointing retail sales in december suggest consumers parting only reluctantly with the extra petro dollars in their pocket. People are waiting to see if this is r...

Precision Drilling Co. (TSE:PD – Get Free Report) (NYSE:PDS)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$94.91 and traded as high as C$98.40. Precision Drilling shares last traded at C$97.63, with a volume of 75,916 shares. Analyst Upgrades and […]